I see no reason for this counter to move but suddenly up by 0.04sen. Anyone know why?

Yeah......great to see some life to this stock. One of the poor souls trapped at 12sen :)

- The Star reported on the weekend that MISC and Bumi Armada are in early stages of exploring a corporate exercise involving the consolidation of the floating production storage offshore (FPSO) businesses of both companies.

- The exercise, if it materialises, could involve MISC, 63%-owned by Petronas, injecting its FPSO businesses into Bumi Armada via a share swap. This could lead to Petronas ultimately owning a substantial stake in Bumi Armada, which subsequently transforms into the national oil & gas company’s FPSO division.

- Bumi Armada currently has 9 FPSOs compared with MISC’s 6 FPSOs. Combining the 2 fleets would result in Bumi Armada’s 16 FPSOs leapfrogging from the fifth to second-largest global FPSO operator, just below BW Offshore’s 17. Additionally, MISC also has 4 floating storage offloading (FSOs), 2 floating storage units (FSUs), 2 mobile offshore production units (MOPUs) and the Gumusut-Kakap semisubmersible floating production system.

- Based on the remaining contract tenures of MISC’s FPSOs, our back-of-the-envelope estimates show that the purchase price could reach RM1.6bil, or price acquisition multiple of 10x. For Bumi Armada, this could enhance its FY16F EPS by 5% while MISC’s by a marginal 1%. If this deal materialises, MISC’s stake in Bumi Armada could reach 28% while Ananda Krishnan’s effective stake (via Objektif Bersatu) could drop from 34.9% to 27%.

- However, negotiations on pricing may need to be ironed out given that Bumi Armada is currently trading at a 14% discount to its book value of RM1.16/share and 34% discount to our SOP of RM1.51/share. Meanwhile, MISC is trading at a premium of 15% to its book value of RM8.03/share.

- Bumi Armada is the clear winner of this reported development, although MISC will also benefit from the former’s proven track record in securing overseas projects. Bumi Armada, which presently does not have any domestic FPSO operations, would automatically have an advantage in securing new contracts over other local and foreign operators in Malaysia.

flying high in the haze!!!

Maybe some good news for this counter as tourist numbers are picking up due to cheap ringgit. Hope the haze situation clears up......

Finally some light at the end of a long and dark tunnel........up up & away!!!

Too dependent on MAS.......now really suffer!!! Maybe if they get contract to sell halal food to china air this stock can fly again hihihi

Wah......this counter comotose already.

Yes i have heard of fracking but it is said that production cost is USD 40 per barrel. However overall O&G sectors are in for a challenging times ahead. So, the option for this counter is cut losses or become a very very long term investor....hehehe

Anyone here know why this reit is dropping so badly?

Agree with you blackul66. Have to be brave to cut loss when overall market is having a panic attack!!

low oil price is good for this industry but USD debt is a real killer. the big question is how long will it take b4 we see an improvement in the ringgit.

Tired of this counter already. Will not touch it till i see a upward momentum.

Vey healthy debate, sharing and useful tips provided for small time investors like me. Keep it up!

i bought at 2.02 and now 50% down already.

strange that skp, bumi armada are down but hibiscus still holding steady.

Wah....super scary mrkt!!

Sounds too good to be true! Looks like they have to borrow more to pay dividend. Doesn't make sense. Why borrow to pay dividend when they need the money to generate biz? My advice...Take profit!!

They are the only airport operator in the country but still can lose money!

Now there is talk of MBSB and Bank Muaalat to become a bigger Islamic bank

Biz news portals and BFM. However both banks have since denied m & a.

Hi All, i m another long term forced "investor" in both aa and aax stocks. Have only seen losses since i purchased these stocks, but continue to hold bcoz i believe TF can and will turn around both co's.
MAS is restructuring and rationalising there routes, thus AA and AAX may actually benefit from MAS if they can increase trafic volume.

Heard of talk of merger of Ambank & RHB going on. Any truth in it?

Analyst all recomend "sell" and value the stock at around RM19+. which is the current price. Time to pick up provided can hold!

Ya....mega bank announcement but stock price keep dropping.

Can anybody tell me why this stock has dropped so much?

i think this stock will move up, provided major share holders don't liquidate in bulk.

Ex-Date - Is the company cut off point to compute your entitlement

Entitlement Date = Your share must be paid/registered in yr name and must be in yr CDS account on this date.

Payment Date : Is when the company pays you the dividend amount.

Hope this helps to clarify.

i have been holding on to this stock from IPO till now... Don't know when it can recover but still believe in their growth story.

i agree ..... this is dead stock. I cannot sell n dare not buy.. So, just hold donno till ???

if they get the ops and maintenance contract, the price should move. Problem is how to structure the win win deal. Let's hope this happens b4 the next dry period.

ANZ already has major role in this bank. Don't think they will sell more to foreigners.

Hopefully.. no more recalls. The political situation in Thailand may have some impact on production. Hope for gd dividend as my i bought this stock at high cost.

Good time to buy if price drop below 1.57

Vol high but price sangkut. I'm still holding at 0.07, plan to buy more to average down if price drop.

Stable counter with good dividends. Also rental space fully utilised with high rental. Good to hold for dividend income.

Can anybody tell me why petdag is coming down so much?

Yes i agree, dividends has been consistent in gd and bad times. Definately not for short term.

Last distribution was in Feb & Aug @ 0.035

I really hate this share. In coma for far too long.....

Implementation of GST would require dev of application to cater for it. Censof would be in a idle position to take advantage of it, as they are already providing extensive software apps to govt agencies.

wow...how exciting!

Hi Comeon,
i'm also in the same boat as you. Bought at IPO price and still holding....

i have been waiting for the price to drop for a long time. Finally managed to pick up some. BTW, thanks for all info provided.

My earlier purchase all sold oledy, iching to pick up again if price drop below 0.60 today

Hi, I'm new to this forum but i know MBSB biz well. This counter is strictly for short term play only. No good to hold long bcoz BNM new guidance for personal lending is restrictive to grow loan base.